UK Stock Market News Today – 22-Mar-2019
Henry Boot (BOOT) – 260p – £346m – PER 9.5
Results For The 12 Months To End December 2018 – Revenue down slightly, PBT down -10% or so, EPS the same. The FY Dividend is up 13%, NAV up 12% (to 227p), Net Debt down from £29m to £18.4m.
I remain uninterested here at present.
KCOM (KCOM) – 70p – £361m – PER 21
Trading Update – FY Trading and Net Debt expectations remain in-line, Final Dividend to be no less than 2p.
On a PER of 20+ with growth forecast to fall in 2019E and again in 2020E I have no interest here – Remains on my Avoid list for now.
As always, all comment most welcome!